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Columbia Sportswear Q1 profit climbs 20.9% YOY

Columbia Sportswear Co. said its normalized net income for the first quarter amounted to 35 cents per share, compared with the S&P Capital IQ consensus estimate of 36 cents per share.

EPS climbed 19.8% year over year from 29 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $24.8 million, a gain of 20.9% from $20.5 million in the year-earlier period.

The normalized profit margin climbed to 5.2% from 4.8% in the year-earlier period.

Total revenue rose 12.9% on an annual basis to $479.0 million from $424.1 million, and total operating expenses climbed 11.9% from the prior-year period to $434.9 million from $388.6 million.

Reported net income rose 16.6% on an annual basis to $26.3 million, or 37 cents per share, from $22.5 million, or 32 cents per share.